However while you might be debt free in that scenario, there are still taxes, insurance, maintenance costs and your personal expenses.

Having veriified the utilities and taxes and insurnace, and allocating $27,252 (verified)annual repairs/upgrades $20,000 estimatedannual upkeep, paintining, etc., $12000 estimatedparttime maintanece man $6000All told: about 69K My CAP rate, if using the asking price of 265K would be 12%Note, I could own that building 20 years and never ever be done with upgrades and improvements.

Having apartments for 10 years - we got burnt out on the high maintenance and costs between tenants.

Is high current cash flow sometimes misleading because these same properties have deferred maintenance issues, or are in a declining area, or the structure is nearing the end of it's useful life?

Break down the numbers for them and see what you can work out...There's going to be some cost of yearly maintenance on 10 properties.

Could do a few items:Pay rent onlineAutosign a new leaseReserve common areas via the appInput maintenance requestsApt managers could push out rent remindersApt managers could also push out messages property wide w/o having to paper all doorsGood way to track and submit referrals

I want to check where my head is at after owning 6 properties and putting over 100 offers in over the past year.1,100 sq ft 3/1 house in a nice neighborhood built in 1960Purchase price: $42,000Borrow $35,000 @ 5.5% 15y$3,000 for clean up and repairs$10,000 cash investmentProformaRent $900 a month = $10,800 a yearMortgage $286 a month = $3,432 a yearTaxes $100 a month =$1,200 a yearInsurance $100 a month = $1,200 a yearI know there is unexpected vacancy costs, maintenance costs, lawyer costs etc...

Are there any maintenance items not covered by the monthly HOA fees?

How much will maintenance costs you?

I just hired a contractor to handle all my maintenance so I can focus on growth.